Press release
Global Electrophysiology (EP) Devices Market Industry Size, Market Share, Trends, Analysis, And Forecasts 2012 - 2018
Increasing incidences of sudden cardiac arrests, growth in the use of robotic guided catheters in diagnostic procedures, and increase in the arrhythmia population are some of the major factors driving the growth of electrophysiology devices industry.
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Need to reduce diagnostic procedure time, improve success rate, and reduce human exposure to radiations is driving technological innovations in this industry.
The global electrophysiology (EP) devices market is expected to witness significant growth rate and reach USD 4.4 billion by 2015 at a CAGR of 9.7% during the forecast period. The American market is expected to be the largest contributor to this industry growth accounting for about 35% of the global value while the European market is expected to claim 30% of the total market value. Asia-Pacific is the fastest growing region with an annual growth rate of 10.8% due to the continuously growing population and need for medical services.
Diagnostic EP catheters segment account for more than 65% of the market value while laboratory devices and ablation catheters segment round off to 35% of the total market value. Globally, in the ablation catheters segment, the radio frequency ablation catheters will account for approximately 40% share over the year 2015 while laser, microwave, and cryo segments will account for the remaining 60%.
Market Segmentation
Product Segmentation
Diagnostic Electrophysiology (EP)
X-Ray Systems
3D Mapping Systems
EP Recording Systems
Remote Steering Systems
Intracardiac Echocardiography Systems
Radiofrequency (RF) Ablation Generators
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EP Ablation Catheters
Radiofrequency (RF) EP Ablation Catheters
Cryoablation EP Catheters
Laser Ablation Systems
Microwave Ablation
Electrophysiology (EP) devices research report analyzes this market depending on its market segments and major geographies. Major geographies analyzed under this research report are
North America
Asia-Pacific
Europe
Rest of the World
This report provides comprehensive analysis of:
Current industry trends
Factors driving market growth
Restraints
Industry structure
Market projections for upcoming years
This report also provides analysis of technological developments in the industry, Porter’s five force model analysis, and complete company profiles of the top market players. It includes a review of the micro and macro factors significant with respect to the existing market players and new entrants.
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Major Players
Some of the key players dominating this market are Medtronic Inc., Abbott Vascular Devices, Boston Scientific Corporation, Cardiac Science Corporation, Johnson & Johnson, Siemens Medical Solutions USA Inc., Zoll Medical Corporation, 3M Healthcare, Becton, Dickinson & Co., GE Healthcare, Philips Medical Systems, Nihon Kohden Corporation, Indraprastha Apollo Hospital, Asian Heart Institute, Aerotel Medical Systems Ltd., and others.
Reasons for Buying this Report
This research report provides an overview of market forces driving and restricting market growth
It helps in making informed business decisions by having complete insights of the market and by making in-depth analysis of the market
It provides a technological growth map over time and explains its impact on the industry
It provides comprehensive analysis of major competitors and their strategies
It provides distinctive graphics and exemplified SWOT analysis of major industry segments
It helps to clearly understand competitive environment to stay ahead in competition
It provides up-to-date analysis of the latest trends and technological improvements in the market
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The study aids in the evaluation of aberrant heartbeats and the examination of electrical impulses in the heart. The ability to target the regions of the heart that cause atrial fibrillation has improved because of substantial advancements in EP technology. Other cardiac arrhythmias, such as atrial flutter, Wolff-Parkinson-White Syndrome (WPW), atrioventricular nodal reentry tachycardia (AVNRT), and others, have benefited from the advancements in technology.
Global Electrophysiology market was valued at $5.69…
